Bill.com, the bill management and payment service, has expanded its integration with Intuit’s line of QuickBooks products. Previously, it was only available to those using QuickBooks Online, but starting today, it will be available on QuickBooks Pro, Premier, and Enterprise. With this, more than 4 million small businesses will now be able to use Bill.com to help streamline their financial management systems and create solutions specific to their needs.
Formerly known as CashView, it is an on-demand accounts payable service that can receive, route, and pay invoices electronically. Started by René Lacerte, who sold his first company to Intuit, Bill.com’s vision was to free businesses, accountants, and financial professionals from being “chained to their desks, hidden behind reams of unorganized paper bills and shackled to inefficient, ineffective Excel spreadsheets.” Its solution is meant to allow people to work on what matters and be more strategic.
As previously mentioned, Bill.com is currently available for QuickBooks Online and can be installed through Intuit’s App Center. And the experience is going to be very similar. Now, regardless of whether you have QuickBooks Online, Pro, Premier, or Enterprise, it will enable you to use all the tools, resources, and collaboration services that are needed to manage any financial task while optimizing cash flow. Those interested and go to the Intuit App Center and click on a button to download the software for their QuickBooks version.
Alex Chriss, Intuit’s director of Partner Platform, says:
Bill.com has been a leading solution on our platform, receiving strong positive customer feedback, so we are excited it is now available to even more small businesses. Allowing our millions of users to fully and easily personalize QuickBooks with Bill.com gives them not only a superior financial management solution, but lets them spend more time growing their business and less time chasing down transactions.
When integrated with QuickBooks, users will find that there is a 30 day free trial to test out Bill.com’s services. Afterwards, it will convert to a monthly subscription starting at the Solo plan, which is $24 per month for 1 user, and goes up to the Corporate plan at $99 per month for up to 15 users. If a business needs to add more than 15 users, there is a Custom plan that will be $250 per month.
Bill.com’s integration is nothing new for Intuit. In fact, the accounting service already has its own bill payment feature with PayTrust and there are at least 12 applications in the App Center categorized under “Billing and Invoicing”. Adding Bill.com is Intuit’s way of giving its small businesses a choice so that they won’t have to use two disjointed systems.
On the other hand, this isn’t exactly Bill.com’s first time at the ole’ integration rodeo — it is tied in with most of the big-time accounting and banking systems including Intacct, NetSuite, Sage Peachtree, PayPal Business, and even Google Apps. The company says that it has more than 100,000 users happily enjoying being able to easily pay their bills while also getting paid at the same time.
To date, Bill.com has raised $34.6 million in venture capital from DCM, Emergence Capital Partners, Total Technology Ventures, August Capital, Jafco Ventures, and Financial Partners Fund.
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